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A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer?.
Solutions for A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A, B and C were partners sharing profits and losses in the ratio of 3:2:1. A retired and Goodwill of the firm is to be valued at Rs. 24,000 and Goodwill Account is to be raise which is not appearing in the balance sheet. What will be the treatment for goodwill?a)Credited to Revaluation Account at Rs. 24,000.b)Credited to partners capital account Rs. 24,000 in profits sharing ratio.c)Only As capital account credited with Rs. 12,000.d)Only As capital account credited with Rs. 24,000.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.